ATO/General, Public
2022-23 Federal Budget: Key measures for NFPs
“A responsible Budget in uncertain times“ – Ministerial media release The Albanese Labor Government has handed down its first Federal...
Read more
Payroll, Public
Member Q&A: salary sacrifice at a Public Benevolent Institution and its impacts
Question I am new to working for a Public Benevolent Institution, and am wondering how salary sacrificed amounts impact the...
Read more
ATO/General, Charities, Eligibility, Public
Member Q&A: Will new activities jeopardise an NFP’s income tax exemption?
Question We are a not-for-profit (NFP) sports club. We currently self-assess that we are income tax exempt. We have the...
Read more
Councils, FBT, Public
Member Q&A: Salary sacrificing Council rates and FBT – how does it work?
Question We are a Council. If we allow our staff to salary sacrifice their Council rates can we apply the...
Read more
FBT, Public
Good News: The FBT exemption for electric vehicles is coming!
On the 29th of June 2022, the Government announced a proposal to provide an exemption for Fringe Benefits Tax (FBT)...
Read more
FBT, Public
Member Q&A: Does the 12 week register method reduce FBT for meal entertainment?
Question Our organisation generally elects to use the 50/50 method in the Division 9A ‘meal entertainment’ provisions of the Fringe...
Read more
Payroll, Public
Member Q&A: Interest-free arrangements to repay overpaid salary
Question We have inadvertently overpaid a staff member a significant amount of wages. At the moment, we are looking to...
Read more
ATO/General, Charities, Eligibility, Public
The ACNC’s Charity Register review project: What do you need to know?
Almost 400 charities that failed to submit two or more ACNC Annual Information Statements (AIS’s) have lost their registration. In...
Read more
ATO/General, Charities, Public
Accepting cryptocurrency donations
It is becoming increasingly common for charities and not-for-profits around the world to accept donations in the form of cryptocurrency....
Read more
ATO/General, FBT, Public
Member Q&A – Providing temporary accommodation due to an employee’s relocation
Question We have a staff member that has been appointed to a new role. The staff member currently works in...
Read more
ATO/General, Eligibility, FBT, Public
What does a change of Government mean for TaxEd members?
With a change of Government comes new policies and the scrapping of policies previously announced under the former Government (which...
Read more
ATO/General, GST, Public
GST and the Margin Scheme – issues arising from the recent Landcom Case
On 9 May 2022 the Federal Court of Australia handed down judgment in the Landcom Case (Landcom v Commissioner of...
Read more